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Dec 10, 2012
12/12
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that is not allowed within the uk bribery and it is a good example of where the legislation has sought to cut out a grey area. >> transparency international played a part in developing the bribery act. before it, the uk was lagging behind in the fight against corruption. >> if you go back to 2007, we had zero cases. whereas the us had more than a hundred, germany had more than fifty. we are now catching up. i hope that with the bribery act we will see a further increase in uk law enforcement and see more cases coming through. >> how can companies protect themself against employees being corrupt? that's a particular challenge for large firms. halcrow group employs 4,500 people in britain -- most of them engineers. they work on construction sites around the world. bribery is common practice in the building sector, so halcrow has taken to training its staff at least once a year so everyone knows what's allowed. >> recognizing an approach, it could come in a very innocent way, or innocent looking way. and so its about ensuring that our people dont expose themselves and the company by getti
that is not allowed within the uk bribery and it is a good example of where the legislation has sought to cut out a grey area. >> transparency international played a part in developing the bribery act. before it, the uk was lagging behind in the fight against corruption. >> if you go back to 2007, we had zero cases. whereas the us had more than a hundred, germany had more than fifty. we are now catching up. i hope that with the bribery act we will see a further increase in uk law...
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Dec 21, 2012
12/12
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. >> well, as far as the uk stock market is concerned, people focus often on the uk economy. the economy next year could do a bit better than this year. it may be the economy that shows the biggest improvement, believe it or not, in its gdp growth rate. that improvement, though, we think is flattering the underlying reality. but stock markets, the uk stock market is a little about the like chelsea, arsenal and man dhefter city. a lot of the glamorous, exciting players are not based in the uk to begin with. it's an international stock market and it's very dominated by the resources sector. we quite like energy, but we're not so keen on the materials. we don't think the uk is going to do as well as the s&p or the euro stocks. we're expecting markets to be more strong because local expectations are going to be overly depressed and they matter. >> kevin, briefly, what about the yen? this seems to be one of the biggest stories for the bank of japan. do you bet on the bank of japan here? >> we expect them to loosen and of coursively push the yen down. the only qualification one has
. >> well, as far as the uk stock market is concerned, people focus often on the uk economy. the economy next year could do a bit better than this year. it may be the economy that shows the biggest improvement, believe it or not, in its gdp growth rate. that improvement, though, we think is flattering the underlying reality. but stock markets, the uk stock market is a little about the like chelsea, arsenal and man dhefter city. a lot of the glamorous, exciting players are not based in the...
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Dec 5, 2012
12/12
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the problem lies in the uk tax code, isn't it? >> indeed. the uk tax code is complicated. and that in itself provides an opportunity for companies to plan. also some of what they want to do. it's very important to make this distinction between avoidance and evasion. evasion is illegal. avoidance is looking at the law and seeing what opportunities there are to minimize costs and tax is just another cost of doing business. >> so the long and the short of it is successive governments, whether they be coalition, torrey, labor governments have made a right mess. why is that this tone that is so complicated that creates all these opportunities for avoidance? >> it's because people have built anti-avoidance legislation on anti-avoidance legislation rather than actually thought about what they're trying to tax. but part of the problem with the u.s. companies from the government's perspective is that the international tax regime worked quite well when profits tended to be made in the same country that sales are made in, but the pac have got excited about the fact that sales are hig
the problem lies in the uk tax code, isn't it? >> indeed. the uk tax code is complicated. and that in itself provides an opportunity for companies to plan. also some of what they want to do. it's very important to make this distinction between avoidance and evasion. evasion is illegal. avoidance is looking at the law and seeing what opportunities there are to minimize costs and tax is just another cost of doing business. >> so the long and the short of it is successive governments,...
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Dec 18, 2012
12/12
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uk link will be up, not down. and them i also think thattory thing our chancellor did a good job of was she raised taxes by 10 so companies can invest a 215 pounds, not just 200 pounds. >> that's a leverage the other governments have been trying to pull. but your point is interesting. it's not just the uk we were seeing there. and it goes back to the point you were making about oil. u.s. retail gas prices are down 16% since their peak this year. if it weren't for the fiscal cliff, this is actually a big source of stimulus for households. absolutely. i don't want to make too much about it, but the biggest attacks oeft with the and elevated since the mid '70s, it could be coming to an end. so i think that is something we need to be aware of. the annual fuel rate in the uk is about 15 billion to consumers. you're looking at another percent on income. so as i'm sitting down righting the income for next year, it's not all doom and gloom, the mood is similar to last year where next year it's too horrendous to count. >>
uk link will be up, not down. and them i also think thattory thing our chancellor did a good job of was she raised taxes by 10 so companies can invest a 215 pounds, not just 200 pounds. >> that's a leverage the other governments have been trying to pull. but your point is interesting. it's not just the uk we were seeing there. and it goes back to the point you were making about oil. u.s. retail gas prices are down 16% since their peak this year. if it weren't for the fiscal cliff, this is...
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Dec 3, 2012
12/12
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and uk over those libor claims. it's monday, a new month for us here, december 3rd, 2012, and "squawk box" begins right now.
and uk over those libor claims. it's monday, a new month for us here, december 3rd, 2012, and "squawk box" begins right now.
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uk doing business via scipe -- skype. you can dedect a snivel over the computer. >> don't have to get out of your pajamas. hn lay field what have you gompt >> julian said republicans are worthless. i think they are all worthless. who knows what is going to happen. inin sectorings. >> i am like john. this is aon making air conditioning equipment and i owned the stock over 20 years and small company and does well.
uk doing business via scipe -- skype. you can dedect a snivel over the computer. >> don't have to get out of your pajamas. hn lay field what have you gompt >> julian said republicans are worthless. i think they are all worthless. who knows what is going to happen. inin sectorings. >> i am like john. this is aon making air conditioning equipment and i owned the stock over 20 years and small company and does well.
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Dec 11, 2012
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uk based assets of a failing u.s. bank. the offer, which was not reciprocated, is part of an attempt by regulators in controlling the risk of institutions collapsing. >>> and the 20th position to hold a ceo at a fortune 500 case. and 16.6% are at the broad end of the fortune 500 firms. with more on the catalyst 2012 fortune 500 consensus is deborah gillis. deborah, thanks for joining us. why has the number not improved in sort of seven years? >> well, if you say it's been seven years and barely any movement in terms of women's representation on -- and, in fact, very little movement over the last three years for women in executive officer positions. why is that? it's certainly not a supply problem. we know that there are many women with the skills and experience to serve on corporate boards. in fact, our research shows that if you look at the executive officer pool and the fortune 500, there are 710 women with the skills and experience to serve on corporate boards. so we really need to dispel the myth that it's the sup
uk based assets of a failing u.s. bank. the offer, which was not reciprocated, is part of an attempt by regulators in controlling the risk of institutions collapsing. >>> and the 20th position to hold a ceo at a fortune 500 case. and 16.6% are at the broad end of the fortune 500 firms. with more on the catalyst 2012 fortune 500 consensus is deborah gillis. deborah, thanks for joining us. why has the number not improved in sort of seven years? >> well, if you say it's been seven...
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Dec 20, 2012
12/12
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that gilt in the uk, keeping an eye on it, it is falling a little bit. 1.95% after a soft set of uk retail sales figures. spain, italy, moving higher, but not too much of a move there. 5.3%. and 4.4 for italy. now, forex rates, the euro/dollar and the yen has been in focus still in the last several trading sessions and that continues today. 1.3230 is the level. the yen, though, is giving back about .5% after the bank of japan's quantitative easing plans, pretty much flecting a buy the rumor, sell the fact move. now, house republicans plan to bring their tax bill to a floor vote today. this as tensions over the white house over the fiscal cliff have started to rise. it's unclear what the bill, known as plan b, will look like. house speaker john boehner has reportedly added spending cuts to convince members it will be worth the vote. president obama has threatened to veto the bill. the president says he's puzzled by what's holding up budget talkes and that house republicans should stop trying to score a point against him. >> take the deal. you know, they will be able to claim that they have
that gilt in the uk, keeping an eye on it, it is falling a little bit. 1.95% after a soft set of uk retail sales figures. spain, italy, moving higher, but not too much of a move there. 5.3%. and 4.4 for italy. now, forex rates, the euro/dollar and the yen has been in focus still in the last several trading sessions and that continues today. 1.3230 is the level. the yen, though, is giving back about .5% after the bank of japan's quantitative easing plans, pretty much flecting a buy the rumor,...
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Dec 26, 2012
12/12
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bringing us heavy rain and icing conditions in portions of the uk. seeing slippery roads out here, also gusty winds pushing off toward the low country, also seeing heavy rainfall and into the alpine regions, winds gusting up to right around 100 kilometers per hour could be expected here, plus heavy snowfall. the good news outside of the mountains, temperatures for your high temperatures on your thursday are going to be mild here. london, a high of 8. paris, up to 11. look at rome and athens, both a pair of 17s here on your thursday. now here's a look at your extended forecast. >>> we'll be back in 30 minutes with more news. i'm gene otani in tokyo. from all of us at nhk news, have a great day. thanks for joining us. have a great day wherever you are.
bringing us heavy rain and icing conditions in portions of the uk. seeing slippery roads out here, also gusty winds pushing off toward the low country, also seeing heavy rainfall and into the alpine regions, winds gusting up to right around 100 kilometers per hour could be expected here, plus heavy snowfall. the good news outside of the mountains, temperatures for your high temperatures on your thursday are going to be mild here. london, a high of 8. paris, up to 11. look at rome and athens,...
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Dec 6, 2012
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they don't think they're operating quite the same way here in the uk. for example, local bank managers relationship managers are not given the sap kind of discretion to make lending decisions in respect to businesses in their community that they know that they see every day. so we have to change the culture in our banks. but there is also a market failure in terms of having a financial services sector of small to medium sized businesses and that's why p opposition is arguing strongly for british investment bank. we're alone in not having a state backed investment institution to plug that market failure. and i think the officer of budget responsibility, our independent fiscal council here, has made clear part of what is holding back growth is this credit problem that we have. now, sure of course the eurozone affects the wholesale money markets, but there are things that you can do domestically to address that. and if you look at, say, sorry to use germany constantly, but during the liquidity crunch in 2009, germany investment bank kfw was able to immedia
they don't think they're operating quite the same way here in the uk. for example, local bank managers relationship managers are not given the sap kind of discretion to make lending decisions in respect to businesses in their community that they know that they see every day. so we have to change the culture in our banks. but there is also a market failure in terms of having a financial services sector of small to medium sized businesses and that's why p opposition is arguing strongly for...
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Dec 7, 2012
12/12
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we have industrial production coming out of the uk. if worse than expected, may get a negative q4 for the uk. italian yields are higher. spanish 5.54, just nudging a little higher. bunds down 1.29d% after the downgrade by the bundesbank, as well. draghi says we discussed it and again a big town great in inflation forecast, as well. some saying maybe they still won't, but it does knock the euro-dollar, 1.29d 25 is where we stand. dollar-yen 82.37. we talked about the yen in relation to what was going on with the earthquake. aussie dollar below 1.05. sterling-dollar just slightly weaker. that's where we stand as far as the european markets are concerned. let's get a wrap of the final trading day in asia this week. >> asian markets wrapped up the week on a mixed note. shanghai composite gained 1.6% and it's up over 4% on the week. stocks related to citi growth continued to surge as the new urbanization plan is aiming to boost investment plan. agriculture stocks up today on support policies. hang seng dragged lower by utility stocks. picc
we have industrial production coming out of the uk. if worse than expected, may get a negative q4 for the uk. italian yields are higher. spanish 5.54, just nudging a little higher. bunds down 1.29d% after the downgrade by the bundesbank, as well. draghi says we discussed it and again a big town great in inflation forecast, as well. some saying maybe they still won't, but it does knock the euro-dollar, 1.29d 25 is where we stand. dollar-yen 82.37. we talked about the yen in relation to what was...
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Dec 21, 2012
12/12
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in the uk. >> this is so, so incredibly sad. you know how many talented artists are out there trying to make it that are probably crying in their fishsticks right now. >> i don't care how good of a singer you are, he's got to have a hook. he's got a hook, a one-pound fish. >> what's amazing is a major record label would sign this guy. >> everybody who meets him thinks he's a lovely guy and that this couldn't happen to nicer guy. >> please don't touch me, i don't want to wake up. >> what i love about this whe >>if he's living the dream, i'm listening to a nightmare. i hope i never have it hear this song again. ♪ ♪ >> you're the biggest dork. ♪ >> beth, you're going to love this because this is something that we love to call porn for women. >> oh yeah. >> basically, men doing chores. >> sexy. >> do you see that? >> do you see that. >> snow is everywhere. he needs to take out the garbage. so he's only got his boots and his underwear and a ski cap on. he rolls the trash can out. has to hide behind it when a car comes by. then
in the uk. >> this is so, so incredibly sad. you know how many talented artists are out there trying to make it that are probably crying in their fishsticks right now. >> i don't care how good of a singer you are, he's got to have a hook. he's got a hook, a one-pound fish. >> what's amazing is a major record label would sign this guy. >> everybody who meets him thinks he's a lovely guy and that this couldn't happen to nicer guy. >> please don't touch me, i don't...
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Dec 13, 2012
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>> well, none have is 00% committed in doing so, except the uk and sweden. the others have indicated that they will look into it and there's the expectation they will join. maybe not immediately, maybe somewhere down the road. but at least they want to join. it remains to be seen whether they can join from the word go. in terms of which banks are being supervised, i think this is a typical eu compromise and maybe not a bad one. remember, france wanted all 6,000 banks being supervised. the germans said only 30 or so. we ended up with something closer to 150. and the option for the ecb pinpoint ago problem, even if it's the smaller banks saying, we have a problem there. we have to pull that into our supervision, they can do that. that seems to be the provision that we have here at the moment. so i think everybody could be out there and say, we won a little bit and that's how eu decisions usually work. you have to end up in a consensus that everybody can live with and at least we get a law that deserve tess name on track and then it could become operational in
>> well, none have is 00% committed in doing so, except the uk and sweden. the others have indicated that they will look into it and there's the expectation they will join. maybe not immediately, maybe somewhere down the road. but at least they want to join. it remains to be seen whether they can join from the word go. in terms of which banks are being supervised, i think this is a typical eu compromise and maybe not a bad one. remember, france wanted all 6,000 banks being supervised. the...
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Dec 16, 2012
12/12
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i'm not sure it's in uk law but they don't put it in law. and now, state of new york, resolution authority. so you get some consistency around the world. and i have anything that it will work for nonbank. whether it works for the biggest banks in the world, the first part is -- [inaudible]. they are so diverse and so big, it will be a long while before we see this infinite failure. but i think theoretically -- [inaudible] but it would have worked for leave and. it would have worked for aig. i have no doubt in my mind we could have handled it. >> so what is your thought speak with the problem is beyond my pay grade. this is a really big problem, how we deal with the too big to fail problem, and the man on my right says he would do with it too big to fail problem with the content bank in ellicott and that was bailed out. that was not his first too big to fill problem. the too big to fill problem occurred before the. there were cries for loans and lockheed loans, and i argued in 1914, treasury secretary magnitude bill that new york city because
i'm not sure it's in uk law but they don't put it in law. and now, state of new york, resolution authority. so you get some consistency around the world. and i have anything that it will work for nonbank. whether it works for the biggest banks in the world, the first part is -- [inaudible]. they are so diverse and so big, it will be a long while before we see this infinite failure. but i think theoretically -- [inaudible] but it would have worked for leave and. it would have worked for aig. i...
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Dec 14, 2012
12/12
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. >> demonstrators are urging the uk to release the body of saldanha who was of indian origin so her family can perform final rites. they are also demanding efforts by authorities to look into the cause of the incident. >> we are joined here to pray for jacintha's family. a proper investigation has to be done. it is a major issue. it can't be left as it is. >> two australian radio deejays impersonated queen elizabeth ii in a recorded call which was later aired on a sydney radio station. the two hosts have since been taken off the air. following the incident, an independent organization has started an investigation into ethical standards in the media. that will wrap up our bulletin for today. i'm patchari raksawong in bangkok. >>> politicians in japan have one more day to get their messages out to voters. they've been campaigning ahead of the country's first general election in three years. the ruling democrats came to power in 2009, promising change. but the former ruling liberal democrats say the party hasn't delivered. and so japan decides this sunday who should form the next gover
. >> demonstrators are urging the uk to release the body of saldanha who was of indian origin so her family can perform final rites. they are also demanding efforts by authorities to look into the cause of the incident. >> we are joined here to pray for jacintha's family. a proper investigation has to be done. it is a major issue. it can't be left as it is. >> two australian radio deejays impersonated queen elizabeth ii in a recorded call which was later aired on a sydney...
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Dec 15, 2012
12/12
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. >> demonstrators are urging the uk to release the body of saldanha who was of indian origin so her family can perform final rites. they are also demanding efforts by authorities to look into the cause of the incident. >> we are joined here to pray for jacintha's family. a proper investigation has to be done. it is a major issue. it can't be left as it is. >> two australian radio deejays impersonated queen elizabeth ii in a recorded call which was later aired on a sydney radio station. the two hosts have since been taken off the air. following the incident, an independent organization has started an investigation into ethical standards in the media. that will wrap up our bulletin for today. i'm patchari raksawong in bangkok. >>> politicians in japan have one more day to get their messages out to voters. they've been campaigning ahead of the country's first general election in three years. the ruling democrats came to power in 2009, promising change. but the former ruling liberal democrats say the party hasn't delivered. and so japan decides this sunday who should form the next gover
. >> demonstrators are urging the uk to release the body of saldanha who was of indian origin so her family can perform final rites. they are also demanding efforts by authorities to look into the cause of the incident. >> we are joined here to pray for jacintha's family. a proper investigation has to be done. it is a major issue. it can't be left as it is. >> two australian radio deejays impersonated queen elizabeth ii in a recorded call which was later aired on a sydney...
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Dec 28, 2012
12/12
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guess what happened in britain when the uk banned handguns. the surprising result that could change the gun control debate. "the kudlow report" start ises right now. >>> the big news tonight, still the developments in washington on the fiscal cliff, eamon javers joins us with the details. >> good evening, meshel. capitol hill sources tell cnbc that congressional leaders are planning to go to the white house tomorrow to meet with president barack obama and it is not entirely clear at this point when that meeting will take place and details are still being hammered out and we saw today a blistering series of rhetorical jabs from one side to the other and it's not clear as a result of all that whether a deal can, in fact, get hammered out in the remaining time before new year's eve and take a listen to senate republican leader mitch mcconnell earlier today explaining the problems he's facing in washington. take a listen. >> the truth is we're coming up against a hard deadline here and as i said, this is a conversation we should have had months ag
guess what happened in britain when the uk banned handguns. the surprising result that could change the gun control debate. "the kudlow report" start ises right now. >>> the big news tonight, still the developments in washington on the fiscal cliff, eamon javers joins us with the details. >> good evening, meshel. capitol hill sources tell cnbc that congressional leaders are planning to go to the white house tomorrow to meet with president barack obama and it is not...
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Dec 19, 2012
12/12
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WJLA
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and then with music from this debut album it went quintuple platinum in the uk. it's called "plus," ed sheeran from the bud light stage. and just as a reminder as long as the world doesn't end on friday or anytime else in the next two weeks our show moves to a new timeslot we move to 11:35 starting january 8th. our guests that night will be jennifer aniston and no doubt. and i'll probably be here too. so please join us. our first guest tonight is a very fine actor who will strike down upon thee with great vengeance and furious anger those who attempt to poison and destroy his brothers, just so you know. he re-teams with quentin tarantino in the new movie "django unchained", which opens in theaters christmas day, >> you need to be on his blind side. huh? >> i said you said you ain't no him. >> i don't. >> yes, you do. >> i don't. >> why is you lying to me? >> i ain't. >> then why is you crying? >> you're scaring me. >> why is i'm scaring you? >> because you're scary. >> jimmy: please say hello to samuel l. jackson. [ cheers and applause ] that's some jacket you go
and then with music from this debut album it went quintuple platinum in the uk. it's called "plus," ed sheeran from the bud light stage. and just as a reminder as long as the world doesn't end on friday or anytime else in the next two weeks our show moves to a new timeslot we move to 11:35 starting january 8th. our guests that night will be jennifer aniston and no doubt. and i'll probably be here too. so please join us. our first guest tonight is a very fine actor who will strike down...
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Dec 28, 2012
12/12
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joining us is allen higgins, chief investment officer for the uk coutts. good morning. >> good morning. >> so we've had 12 years of exposure to gold. you're limiting it now. why? >> it's starting to lag, but more subtly from a portfolio construction perspective, it's lost its negative correlation. for example, quarter 2010, well, euro crisis won when we had equity markets down a lot then gold really surged forward, giving a negative correlation. and so for the portfolio manager at coutts, it has been at times a legal high gold exposure surging upwards in times of stress. for those days seem to have gone. trimming it. that is a fact that there's a real shortage of low risk investments of on german bunch negative. >> but you're saying it's trading like other risk assets at the moment. >> at times, it's correlated with em. so it's less attractive from a portfolio construction perspective as compared to what it was. >> it's fascinating because we've been talking about one theme for 2013 being is it a stock picker's market, are we seeing less differentiation, w
joining us is allen higgins, chief investment officer for the uk coutts. good morning. >> good morning. >> so we've had 12 years of exposure to gold. you're limiting it now. why? >> it's starting to lag, but more subtly from a portfolio construction perspective, it's lost its negative correlation. for example, quarter 2010, well, euro crisis won when we had equity markets down a lot then gold really surged forward, giving a negative correlation. and so for the portfolio...
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Dec 27, 2012
12/12
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i'm pondering is when you look at how much qe has taken place in japan compared to, for example, the uk, it's actually a relatively small amount. if japan tries a much larger qe event, surely we go down the route of the uk which in and of itself does not demonstrate a huge increase in inflation and a huge increase in market growth, either. >> arguably, that is one of the problems with the huge task that the boj has ahead of it. people progress in terms of growth, japan has bigger problems, much bigger problems in terms of the demographic in terms of the structural hold back. so there are a lot of sectors at play now. i think one of the names that the boj has is whether this will work or not. but if were looking at it more from a yen perspective, certainly two things are going to drive the yen are going to be the relative price of the boj balance sheets with respect to, perhaps, the fed and the ecb and the other being the jgb. >> and briefly, in summary, what are your favorite strategic calls? >> the strategic calls for us are going to be buying the rupee against the yen. we are looking
i'm pondering is when you look at how much qe has taken place in japan compared to, for example, the uk, it's actually a relatively small amount. if japan tries a much larger qe event, surely we go down the route of the uk which in and of itself does not demonstrate a huge increase in inflation and a huge increase in market growth, either. >> arguably, that is one of the problems with the huge task that the boj has ahead of it. people progress in terms of growth, japan has bigger...
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Dec 6, 2012
12/12
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some rain is going to be seen across the southern portions of the uk, though. what this is going to be bringing is the risk of flooding. last week you saw very significant flooding here, and the ground is already stamp rated so you do not need any more rainfall coming across this yair. speaking of flooding, turkey, flashflooding, also at risk of a strong and severe storm system pushing across the country on your friday and going into the weekend. temperatures remain rather cold into the west, moscow, mais now 4 for your high, and 5 and 6 in london and paris starting off your weekend. now here's a look at your extended forecast. ♪ >>> we'll be back with more updates in 30 minutes. i'm gene otani in tokyo.
some rain is going to be seen across the southern portions of the uk, though. what this is going to be bringing is the risk of flooding. last week you saw very significant flooding here, and the ground is already stamp rated so you do not need any more rainfall coming across this yair. speaking of flooding, turkey, flashflooding, also at risk of a strong and severe storm system pushing across the country on your friday and going into the weekend. temperatures remain rather cold into the west,...
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Dec 12, 2012
12/12
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in june, the nation's financial regulators imposed a huge fine on barclays bank based in the uk for underreporting libor. the global benchmark is used for hundreds of trillions of dollars in transactions. regulators in various countries are also investigating possible involvement of other banks. >>> in japan, financial regulator -- japan's financial regulator, that is, they plan to strengthen rules against insider trading after a series of information leaks from major securities firms earlier this year. the financial services agency now wants stricter punishment for employees at securities firms who illegally leak information to their clients. under current regulations, those employees are not subject to punishment. but after the revision, the agency will reveal names of those involved in serious cases. that's including investors. the agency is also considering a steep rise in penalties. regulators hope to comete a revised bill by the end of the year and submit it to parliament next year. >>> now let's get a check on how markets are performing. tokyo's main stock index broke 9,600 for the first ti
in june, the nation's financial regulators imposed a huge fine on barclays bank based in the uk for underreporting libor. the global benchmark is used for hundreds of trillions of dollars in transactions. regulators in various countries are also investigating possible involvement of other banks. >>> in japan, financial regulator -- japan's financial regulator, that is, they plan to strengthen rules against insider trading after a series of information leaks from major securities firms...
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Dec 11, 2012
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delta, more business over to the uk, lucrative business. we'll talk to the ceo of delta in a few minutes. rick santelli tracking the action at the c mulch e. what was it like today? >> it wasn't bad. we're going to give this auction a hook, an absolutely dead smack in the middle of the curve c. there's some strange inputs in this auction. $32 million yields a .327, which is exactly in the middle bitten off on wi. so pricing is fine. if you look at internals, a bid to cover -- to find a lower bid to cover they have to go back to february. if you look at direct bidding at 24.8, that is a record. that's almost twice 13%. if you look at indirect bids it's almost exactly the opposite. 22.9 well below 32% auction average and lowest since may of '07. we walk away thinking not so great. now that yield i mentioned, .327 is a record all-time low yield for the threes. after i sypher all that we come up with an average and look forward to $21 billion, ten years, early auction because of the fed decision. back to you, tyler. >> rick, thank you very much
delta, more business over to the uk, lucrative business. we'll talk to the ceo of delta in a few minutes. rick santelli tracking the action at the c mulch e. what was it like today? >> it wasn't bad. we're going to give this auction a hook, an absolutely dead smack in the middle of the curve c. there's some strange inputs in this auction. $32 million yields a .327, which is exactly in the middle bitten off on wi. so pricing is fine. if you look at internals, a bid to cover -- to find a...
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Dec 15, 2012
12/12
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in the uk in jamaica and ireland, island nations that banned guns, you can't find a place where murder rates have gone down. they have gone up usually by large amounts. >> you cannot find a place -- >> let me bring in. >> first of all, basically every statistic that john cited is pure bunk in terms of the fact that the more guns equal -- that's true. they were gun-free zones, but attributing that to the fact that this violence occurred, that's where i have to step in. listen, my brother was shot in a shooting on top of the empire state building which was chaotic. i know firsthand i talked with the victims from the aurora tragedy. to a person, they all say if there were another person armed, it would have led to more carnage. excuse me. i let you talk, let me finish. let me finish. if every one of the cases they say if there were more guns, it would have only led to more chaos. at the empire building shooting in new york. there were highly trained officers in the chaos and eight other people shot and every one was an innocent civilian and every one was shot by a law enforcement officer.
in the uk in jamaica and ireland, island nations that banned guns, you can't find a place where murder rates have gone down. they have gone up usually by large amounts. >> you cannot find a place -- >> let me bring in. >> first of all, basically every statistic that john cited is pure bunk in terms of the fact that the more guns equal -- that's true. they were gun-free zones, but attributing that to the fact that this violence occurred, that's where i have to step in. listen,...
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Dec 13, 2012
12/12
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s&p 500 puts negative watch -- or negative outlook on the uk's aaa rating. you see the pound taking a pretty big hit versus the greenback on that news. you can also see, you know, our stock market's already been under, you know, a touch of weakness given maybe some of the comments out of d.c. but there's the s&p 500 down 6 points, nasdaq down as well. we're at the weakest levels of the day. that's certainly a headline to keep an eye on and the impact it's going to have in the currency markets throughout the day. >> i think that's a commentary on austerity. cameron came in and stripped austerity measures. it's been problematic. be careful how much austerity you actually induce into an economy. >>> shares of back referlackber r.i.m. trading at seven-month highs. whether the company has its mojo back. >>> we head to the trading pits to find out why gold is falling on its post-fed decision gains. we'll be right back. bob, these projections... they're... optimistic. productivity up, costs down, time to market reduced... those are good things. upstairs, they will
s&p 500 puts negative watch -- or negative outlook on the uk's aaa rating. you see the pound taking a pretty big hit versus the greenback on that news. you can also see, you know, our stock market's already been under, you know, a touch of weakness given maybe some of the comments out of d.c. but there's the s&p 500 down 6 points, nasdaq down as well. we're at the weakest levels of the day. that's certainly a headline to keep an eye on and the impact it's going to have in the currency...
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Dec 7, 2012
12/12
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. >> in that spirit the post confirms the yang yankees offered former rival kevin uk list a one-near deal. he was in shird for a rod who needs hip surgery. the government wants to tell you how much to pay on your student loans by dipping into your paycheck. >> christmas canceled over a christmas tree. we will explain. >> as we go to break we look at your travel forecast across the country. a cup of joe is a sedan. a cup of johan is a 600 horsepower sports coupe that likes to hug curves. ♪ your curves. smooth, rich, never bitter, gevalia. avoid bad.fats. don't go over 2000... 1200 calories a day. carbs are bad. carbs are good. the story keeps changing. so i'm not listening... to anyone but myself. i know better nutrition when i see it: great grains. great grains cereal starts whole and stays whole. see the seam? more processed flakes look nothing like naturalrains. you can't argue with nutrition you can see. great grains. search great grains and see for yourself. for multi grain flakes tt are anxcellent source of fiber try great grains banana nut crunch and cranberry almond crunch.
. >> in that spirit the post confirms the yang yankees offered former rival kevin uk list a one-near deal. he was in shird for a rod who needs hip surgery. the government wants to tell you how much to pay on your student loans by dipping into your paycheck. >> christmas canceled over a christmas tree. we will explain. >> as we go to break we look at your travel forecast across the country. a cup of joe is a sedan. a cup of johan is a 600 horsepower sports coupe that likes to...
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Dec 4, 2012
12/12
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we'll keep our eye on the uk as we head toward the bank of england meeting this week p. dollar index has hit a one month low. you're redollar up to euro-dollar up near the high we saw yesterday. dollar-yen moving away from the 7 1/2 month high. rebounding against the dollar and the euro ir, as well. priced in a lot in terms of monetary policy out of japan. and aussie dollar, 1.0463, yes, we have cut the cash rate in australia to match the record low of 3%. but we see the aussie dollar rise because it's pretty much all priced in. sterling-dollar also getting a benefit. back over 1.61. so that's where we stand in european trade. let's recap the asian trading session for the first time today, when you not the last. >> thank you, ross.not the last. >> thank you, ross. shanghai composite recovered from its four year low as property financials, rebounded. shale gas and geothermal plays also rallied as beijing plans to cut its annual coal consumption target by 2015. the hang seng finished m eed marginally in the green. losses in the services sector capped the up side. in japan,
we'll keep our eye on the uk as we head toward the bank of england meeting this week p. dollar index has hit a one month low. you're redollar up to euro-dollar up near the high we saw yesterday. dollar-yen moving away from the 7 1/2 month high. rebounding against the dollar and the euro ir, as well. priced in a lot in terms of monetary policy out of japan. and aussie dollar, 1.0463, yes, we have cut the cash rate in australia to match the record low of 3%. but we see the aussie dollar rise...
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Dec 3, 2012
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. >> is dolmen all over the uk? >> that's correct. they're predominantly in ireland, but you look at ireland right now, they're actually going through the reforms. they're trying to inject money in a credit fashion into their economy. and we certainly think we can bring our fixed income expertise and continue to help them. >> that would make sense for cantor. ireland was the mf-will first they were in trouble, then the model for the world. what got them into trouble again, housing or real estate or something or bad banks or -- and now again they're kind of a model for everyone on how to handle it. is that basically the last five years? >> absolutely. certainly was a real estate bubble there. now there are austerity measures being put in place and they're actually following through on the austerity measures. so certainly they'll come out first and actually look pretty good. >> so where is the most business for you for cantor in ireland, what will you be doing? >> certainly it's an equity based firm. we'll bring our fixed income experti
. >> is dolmen all over the uk? >> that's correct. they're predominantly in ireland, but you look at ireland right now, they're actually going through the reforms. they're trying to inject money in a credit fashion into their economy. and we certainly think we can bring our fixed income expertise and continue to help them. >> that would make sense for cantor. ireland was the mf-will first they were in trouble, then the model for the world. what got them into trouble again,...
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Dec 11, 2012
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. >> shattered, that's how two australian deejays feel about the death of a nurse in the uk. for the first time they're speaking out. they pranked hospital where kate medal torn was admitted for morning sickness. they tricked a nurse into thinking they were prince charles and queen elizabeth. then the deejays got transferred to a colleague who gave them a live medical update on the air. that nurse committed suicide. the deejays are off the air. they gave this interview to an australian television station. listen. >> when you heard the dreadful results following the days after the prank, describe to be how it impacted you. can you remember the words? can you remember physically how you felt? >> unfortunately i remember that moment very well, because i haven't stopped thinking about it since it happened. the question was, was she a mother? >> when you found out that she was, with two children, how -- >> very sorry and saddened for the family. can't imagine what they're going through. >> what about you, michael? >> gutted. you know, shattered, heartbroken. >> does it even feel r
. >> shattered, that's how two australian deejays feel about the death of a nurse in the uk. for the first time they're speaking out. they pranked hospital where kate medal torn was admitted for morning sickness. they tricked a nurse into thinking they were prince charles and queen elizabeth. then the deejays got transferred to a colleague who gave them a live medical update on the air. that nurse committed suicide. the deejays are off the air. they gave this interview to an australian...
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Dec 23, 2012
12/12
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uk's might remember this widely reported. in january 2007, think about that date january 2007, mike bloomberg and chuck schumer, commissioned a report from mckenzie when new york was falling behind compared to london. to be the support you can google it in 30 seconds. it's shocking the main problem, the single biggest thing holding back the u.s. economy is overly harsh regulation of credit derivatives. it's in this report you will start a section on credit derivatives, how we need less regulation of them otherwise london will take over global finance. what was amazing at the time is everybody agreed that this report. eliot spitzer was quoted saying how great this was. chuck schumer was one of the sponsors in the u.k. labor was running the u.k. and even the critics said this report showed that even the labor is kind of spending far too much money on the nhs at least they give regulation right. so there was a very widespread bipartisan kind of economic faculties of the western world bought into this and that played a very big r
uk's might remember this widely reported. in january 2007, think about that date january 2007, mike bloomberg and chuck schumer, commissioned a report from mckenzie when new york was falling behind compared to london. to be the support you can google it in 30 seconds. it's shocking the main problem, the single biggest thing holding back the u.s. economy is overly harsh regulation of credit derivatives. it's in this report you will start a section on credit derivatives, how we need less...
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Dec 10, 2012
12/12
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starbucks has been brought up before parliament in the uk to answer questions about why they are not keeping their tax money at home. the reason is, the tax rates are too high on corporate profit. bring them down and the taxes will stay at home and you won't have it problem at all. >> yeah, i think the real underlying problem is the bad state of the u.s. tax code that forces people it take advantage of things that are legal if not necessarily patriotic. >> these companies are following the rules. nobody is accusing them even of breaking rules. >> it is not illegal. >> we have to expect them to do exactly that. >> fix the underlie be problem and you fix this. then they might actually good to work under this country. >> we should say thank you for doing that. >> jc penney throwing in the towel on no coupons policy. 20% off on friends and family discount over the weekend. has ron johnson finally come around? or too little too late john karner? >> i was a buyer into the story line. when i saw bill akman give his presentation on how jc penney would turn things around with no more coupons,
starbucks has been brought up before parliament in the uk to answer questions about why they are not keeping their tax money at home. the reason is, the tax rates are too high on corporate profit. bring them down and the taxes will stay at home and you won't have it problem at all. >> yeah, i think the real underlying problem is the bad state of the u.s. tax code that forces people it take advantage of things that are legal if not necessarily patriotic. >> these companies are...
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Dec 14, 2012
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average per capita income in china in a way that it really isn't in a place like the united states or uk or canada. >> max, let me get your take really on the broad question of where we are in the economy and what we're seeing in terms of selling right now. are you seeing business pick up, or do you think people are sort of sitting on their hands because we're worried about so many things out there, including the fiscal cliff? >> that's a great question, maria. apple's stock performance has a lot to do with the fiscal cliff. people are painting their years to try to benchmark against the s&p and re-base their apple which many will request into in q1 at the new higher price for tax reasons. that being said, apple is a luxury product, a luxury product that hasn't fully 100% delivered on the price premium, given the sensitivity in the market and the sensitivity about dysfunction in washington, all things being equal, that's something of a headwind and we should keep in mind, too, part of the bargain hunting has to do with concerns of growth that's been lately better news but pretty marked i
average per capita income in china in a way that it really isn't in a place like the united states or uk or canada. >> max, let me get your take really on the broad question of where we are in the economy and what we're seeing in terms of selling right now. are you seeing business pick up, or do you think people are sort of sitting on their hands because we're worried about so many things out there, including the fiscal cliff? >> that's a great question, maria. apple's stock...
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Dec 19, 2012
12/12
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central bankers from japan to the united states to europe to mark carnie pulled out of canada to be uk central banker. that's the big story. >> my people of the year would have been the teachers and students of sandy hook elementary. i think they have changed america forever. sue? >> i second that one, ty. >>> coming up, kayla with a very interesting app from bank of america. >> it is like the ghost of christmas future and we are all ebenezer scrooge. look, if you have copd like me, you know it can be hard to breathe, and how that feels. copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd maintenance treatment that does both. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva. discuss all medicines you take, even eye drops. stop taking spiriva a
central bankers from japan to the united states to europe to mark carnie pulled out of canada to be uk central banker. that's the big story. >> my people of the year would have been the teachers and students of sandy hook elementary. i think they have changed america forever. sue? >> i second that one, ty. >>> coming up, kayla with a very interesting app from bank of america. >> it is like the ghost of christmas future and we are all ebenezer scrooge. look, if you...
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Dec 24, 2012
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the uk was open. mexico's grupo bimbo -- >> it's right. >> grupo bimbo reportedly considering a bid for the hostess snack take. grupo bimbo -- >> that gets you, doesn't it? you're like in fourth grade. >> because it's -- i can't even -- >> because it says bimbo? >> i can't -- >> it's mexican, andrew. >> i know. >> you can't even get through the story because it says bimbo? >> it's been a tough morning. >> i'm going to make it tougher. >> -- considered the company an unlikely bidder because of possible -- >> as long as we're in a good mood. because you're reading grupo bimbo. i said orville redenbacher. i was wrong -- something reminded me of orville redenbach redenbacher. he did not wear -- >> it was red suspenders. >> and a red tie. >> okay. >> so we had -- did you see the popcorn guy? >> i did not see the popcorn guy. just saw the million man guy. the million mile man guy. >> i could have sworn -- i remembered a red something or other. >> i'll make you deal, how about suspenders and a bow tie on val
the uk was open. mexico's grupo bimbo -- >> it's right. >> grupo bimbo reportedly considering a bid for the hostess snack take. grupo bimbo -- >> that gets you, doesn't it? you're like in fourth grade. >> because it's -- i can't even -- >> because it says bimbo? >> i can't -- >> it's mexican, andrew. >> i know. >> you can't even get through the story because it says bimbo? >> it's been a tough morning. >> i'm going to make it...
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Dec 14, 2012
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. >> you know, i'm from the uk. i still think england rules the world. everything is little in terms of england. seriously, it's had its run. it is a yield play, expensive. i think you have much better opportunities in the retail space which i do like but i think on the higher end. >> do you buy this stuff that mike duke the ceo says the fiscal cliff is hurting? i can already hear the parade of excuses coming down main street. >> right. a great excuse to have in place right now and that is the reason for the sell off. i think the sell off preempted everything. this is why this is an opportunity now. >> all right. we'll end the argument there and go to the jury. josh, who made the more compelling argument? >> simon made a really compelling argument but i think pete is right on the stock. the bottom line is this is a stock people want to own. it's not terribly expensive. technically, on a longer-term time frame than the 15-day moving average this has broken out of a massive range it has been stuck in for 12 years. i still think it works and we're long. >>
. >> you know, i'm from the uk. i still think england rules the world. everything is little in terms of england. seriously, it's had its run. it is a yield play, expensive. i think you have much better opportunities in the retail space which i do like but i think on the higher end. >> do you buy this stuff that mike duke the ceo says the fiscal cliff is hurting? i can already hear the parade of excuses coming down main street. >> right. a great excuse to have in place right...
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Dec 17, 2012
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>> the uk at the moment is showing clear signs of recovery. i think if we can through the first quarter of nkts year, it all will be recovering. i don't care expect this to be a real turn until the second half. as we go into the second half of next year, it will become clearer. even the eurozone is recovering. within that, you'll have very much the laggards. france won't do particularly well, but germany and italy maybe next year have a potential surprise on the upside. >> how much of a surprise? >> it will not be a fast recovery. the ecb will be forced to do more, but they'll be drald dragged into it. so things will have to get worse before they act. so i don't really think -- >> what more actions? they have a t program waiting to go. what more actions are you talking about? >> the key policy rate for the ecb is likely indeed in the first quarter. they can take dpopt deposit rate negative. by the middle of next year, they'll be doing outright qe. i've been talking about this for ages. they haven't done it so maybe they won't do it. but i'm as
>> the uk at the moment is showing clear signs of recovery. i think if we can through the first quarter of nkts year, it all will be recovering. i don't care expect this to be a real turn until the second half. as we go into the second half of next year, it will become clearer. even the eurozone is recovering. within that, you'll have very much the laggards. france won't do particularly well, but germany and italy maybe next year have a potential surprise on the upside. >> how much...
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Dec 14, 2012
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as you can see there, the uk gilt is telling offer a little bit. yield riding to 1.78%. whether it's the bund or even yields in spain are falling as prices rise a little bit. so there is light at the end of the tunnel according to our next guest. he says the global economy is close to reaching its weakest point before recovery sets in. he's robert cohen, chief equity strategist. woke. >> good morning. >> we just heard rob doddson talking through some of these results. unfortunately, we saw some signs of weaker demand, especially global demand in these reports. but perhaps what is consistent with what you're saying, why is it your view that that is going to happen? >> sometimes you need to pull away. you move away from the fundamentals a little bit on the month to month improvements. if you look at 2013 as a whole, the big headwinds you've had in a number of years, fiscal austerity is largely the sarp in europe year on year. 2014, that comes up quite quickly. 2013 is largely going to be the final year of the crushing deleveraging if you like on the european banks. so esse
as you can see there, the uk gilt is telling offer a little bit. yield riding to 1.78%. whether it's the bund or even yields in spain are falling as prices rise a little bit. so there is light at the end of the tunnel according to our next guest. he says the global economy is close to reaching its weakest point before recovery sets in. he's robert cohen, chief equity strategist. woke. >> good morning. >> we just heard rob doddson talking through some of these results. unfortunately,...